02 February 2009
Former AIG reinsurance Vice President Christian Milton has been jailed by a US district court for four years and fined $US200,000 ($315,000) following his conviction in the AIG/Gen Re...
02 February 2009
The global credit crunch is expected to impact worldwide political stability in the year ahead, posing challenges for Australian firms operating abroad, says Aon Risk Services...
02 February 2009
The International Monetary Fund is urging governments to provide insurance against large recessions like the one the world is sinking into at present...
02 February 2009
Former Aon Australia CEO Peter Harmer says other UK insurance providers will be under the gun after Aon’s UK arm copped a record £5.25 million ($11.3 million) fine for poor controls...
02 February 2009
Premium rates globally will continue to climb gradually through the next two years, according to industry leaders, with the impact already being felt...
02 February 2009
Lloyd’s Council has re-elected Lord Levene as Chairman for an unprecedented third term...
02 February 2009
Major Japanese insurers Mitsui Sumitomo Insurance Group, Aioi Insurance and Nissay Dowa General Insurance are in the final stages of negotiating a merger that will make their combined entity...
02 February 2009
Premiums for insurance cover against high sea piracy will rise, according to Munich Re...
02 February 2009
Zurich Financial Services has announced it will insure low-income people in the world’s poorest countries...
02 February 2009
Winter storm Klaus, which cut a swathe across France last month, may cost insurers up to €700 million ($1.4 billion), according to catastrophe risk modelling firm AIR Worldwide...
15 December 2008
Zurich Financial Services will pay $US25 million ($37 million) in civil penalties after settling a reinsurance fraud case brought by the US Securities and Exchange Commission...
15 December 2008
The US directors’ and officers’ liability insurance market is heading for a severe downturn in underwriting, according to AM Best...
15 December 2008
Insurers are working hard to promote the value of insurance in mitigating the risk of climate change...
15 December 2008
Lloyd’s has released a three-year strategic plan intended to underscore its evergreen presence in global markets...
15 December 2008
Risk managers will emerge from the financial crisis as heroes against the failure of investment banks and capital markets, says Willis Executive Chairman Joe Plumeri...
15 December 2008
Australian policyholders aren’t the only people being taxed for non-insurance purposes – New York Governor David Paterson proposes to slug policyholders another…
15 December 2008
Gross domestic product in the emerging markets of Asia is forecast to grow 5.9% next year, drawing bold growth projections from Allianz Asia Pacific...
15 December 2008
Over-reliance on models used in securitising mortgage risks has contributed to the subprime crisis, according to the US Casualty Actuarial Society...
08 December 2008
General insurance premiums in emerging markets grew by more than 11% last year, a Swiss Re study has revealed...
08 December 2008
Former AIG CEO Maurice “Hank” Greenberg has accused the US Government of being inconsistent in its bailout approaches, saying the rescue of Citigroup supercedes its response…